Entries by Aksel Kibar

GLOBAL EQUITY MARKETS – March 12, 2017

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This week there has been 7 additions to the #TECHCHARTSWATCHLIST. Most of the chart patterns are bullish as major global equity indices continue to remain in a uptrend.

#TECHCHARTSWATCHLIST

SSY GROUP LTD (2005.HK)

SSY Group Limited is an investment holding company principally engaged in the research, development, manufacture and sale of pharmaceutical products. The stock is listed on the Hong Kong Stock Exchange. Price chart of SSY GROUP formed a 10 month-long rectangle with the strong horizontal resistance standing at 2.78 levels. Rectangle is a continuation chart pattern. A daily close above 2.86 will confirm the breakout from the bullish chart pattern. Possible price target for the rectangle stands at 3.2 levels.

SSY GROUP - WEEKLY SCALE

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GLOBAL EQUITY MARKETS – March 4, 2017

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The MSCI Emerging Markets index is created by Morgan Stanley Capital International (MSCI) designed to measure equity market performance in global emerging markets. It is a float-adjusted market capitalization index that consists of indices in 23 emerging economies Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

Initiated in 1988, the MSCI Emerging Markets Index (MSCI EMI) represented 10 nations with a total world market capitalization of less than 1%. In 2016, the index has since grown to incorporate 23 countries that comprise about 10% of global market cap. Hence, the MSCI EMI is appropriately used as a benchmark for performance by many emerging market growth mutual funds.

The iShares MSCI Emerging Markets ETF seeks to track the investment results of MSCI Emerging Markets Index. This ETF does not include any currency hedging. This means investors in this product gain exposure to the underlying securities and the currencies in which they are denominated. It is an efficient way to take advantage of trends in the emerging markets and cyclical movements related to emerging markets local currencies.

Last week's update drew attention to the developing bearish candlestick reversal pattern, a shooting star, usually suggests lower prices following its completion. This week's lower opening and weak closing confirms the short-term pull-back in emerging markets equities.

ISHARES MSCI EMERGING MARKETS ETF - WEEKLY SCALE

ISHARES MSCI EMERGING MARKETS ETF - WEEKLY SCALE

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GLOBAL EQUITY MARKETS – February 25, 2017

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Compared to traditional bar charts, candlestick charts can be more helpful to analyze price action. We can see the relationship between the open and close as well as the high and low. The relationship between the open and close is considered vital information and forms the essence of candlesticks. This week's price action in global equity markets is worth analyzing with the help of candlestick chart patterns.

dojiDoji are important candlesticks that provide information on their own and as components of in a number of important patterns. Doji form when a security's open and close are virtually equal. The length of the upper and lower shadows can vary and the resulting candlestick looks like a cross, inverted cross or plus sign. Alone, doji are neutral patterns. Any bullish or bearish bias is based on preceding price action and future confirmation.

Doji convey a sense of indecision between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level. Neither bulls nor bears were able to gain control and a turning point could be developing. The relevance of a doji depends on the preceding trend or preceding candlesticks. After an advance, or long white candlestick, a doji signals that the buying pressure is starting to weaken.

ISHARES MSCI ALL COUNTRIES WORLD INDEX ETF (ACWI.O)

After a year-long uptrend ISHARES MSCI ALL COUNTRIES WORLD INDEX ETF (ACWI.O) reached its 2015 high levels that acted as resistance. This week's price action formed a Doji on the weekly scale chart. Given that the preceding trend was up and strong, this week's Doji clearly suggested that the buying power has stalled. Strong horizontal resistance stands at 63 levels. Global equities can experience a consolidation of the earlier gains and possibly a pullback towards the year-long upward trend line. Doji alone is not enough to forecast a reversal. Following week's price action around the strong resistance will provide valuable information.

ISHARES MSCI ACWI ETF - WEEKLY SCALE

ISHARES MSCI ACWI ETF - WEEKLY SCALE

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GLOBAL EQUITY MARKETS – February 18, 2017

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Energy prices are due for a strong directional movement after volatility reached extreme low levels. 2 month-long tight consolidation should end soon, possibly resulting in a sharp price movement. After breaking above 51.95 resistance, Brent Crude Oil entered in to a short-term sideways consolidation. Last 2 month's price action remained range bound between 52.50 and 56.10. Breakout above 56.10 will add further momentum to Brent Crude oil prices that are already in a uptrend for the past year.

BRENT CRUDE OIL - WEEKLY SCALE

BRENT CRUDE OIL - WEEKLY SCALE

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GLOBAL EQUITY MARKETS-11/02/2017

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This week’s update highlights 3 major technical developments. These themes can be seen in the TECHCHARTSWATCHLIST and TECHCHARTSALERT. Russell 2000 Index is breaking out of its month-long flag continuation EUROPE STOXX 600 index is preparing for a breakout from its short-term consolidation HONG KONG & CHINA equities are gaining strength with clear breakout signals and […]

GLOBAL EQUITY MARKETS-21/01/2017

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Every week I post the latest additions to the #TECHCHARTSWATCHLIST. Stocks that qualify to the watch list are those that have well-defined and mature chart patterns that are likely to resolve in a strong directional movement. Stocks that breakout from those well-defined chart patterns are brought to your attention under the #TECHCHARTSALERT. Both the watch list […]

DJIA, RUSSELL 2000, ACWI

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This was another strong week for global equities. Both MSCI ALL COUNTRIES WORLD INDEX and MSCI EMERGING MARKETS INDEX finished the week with strong weekly candlesticks, opening at the lower end and closing at the highest level for the week. ISHARES MSCI ALL COUNTRIES WORLD INDEX ETF (ACWI.O) The MSCI ACWI captures large and mid […]